Can I retire at age 51 with 9,400,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $9,400,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.1%
1 years$776,243$769,329$762,583$755,999$749,569$746,097
2 years$384,279$377,122$370,186$363,461$356,938$353,433
3 years$253,641$246,453$239,535$232,873$226,456$223,027
4 years$188,335$181,169$174,320$167,772$161,510$158,184
5 years$149,162$142,039$135,279$128,865$122,778$119,563
6 years$123,055$115,985$109,326$103,054$97,150$94,051
7 years$104,414$97,404$90,850$84,727$79,009$76,028
8 years$90,440$83,494$77,048$71,075$65,545$62,683
9 years$79,577$72,696$66,362$60,540$55,199$52,454
10 years$70,892$64,078$57,856$52,186$47,032$44,403
11 years$63,790$57,045$50,935$45,418$40,449$37,935
12 years$57,876$51,201$45,204$39,837$35,052$32,651
13 years$52,876$46,270$40,386$35,170$30,566$28,275
14 years$48,594$42,058$36,287$31,220$26,794$24,610
15 years$44,887$38,421$32,763$27,843$23,592$21,513
16 years$41,646$35,251$29,704$24,930$20,850$18,874
17 years$38,789$32,465$27,030$22,400$18,487$16,610
18 years$36,252$29,999$24,675$20,187$16,438$14,657
19 years$33,985$27,802$22,588$18,240$14,652$12,963
20 years$31,948$25,835$20,730$16,520$13,087$11,488
21 years$30,106$24,065$19,068$14,993$11,712$10,199
22 years$28,435$22,463$17,574$13,632$10,498$9,069
23 years$26,911$21,010$16,227$12,415$9,423$8,074
24 years$25,516$19,685$15,007$11,323$8,470$7,197
25 years$24,235$18,473$13,899$10,341$7,622$6,423
26 years$23,054$17,362$12,891$9,455$6,865$5,736
27 years$21,962$16,339$11,970$8,655$6,190$5,128
28 years$20,951$15,397$11,128$7,930$5,585$4,587
29 years$20,010$14,525$10,356$7,272$5,043$4,106
30 years$19,134$13,717$9,646$6,674$4,557$3,678
31 years$18,317$12,967$8,993$6,129$4,120$3,296
32 years$17,551$12,270$8,390$5,633$3,727$2,955
33 years$16,834$11,620$7,834$5,180$3,373$2,650
34 years$16,160$11,013$7,320$4,766$3,054$2,378
35 years$15,527$10,445$6,843$4,387$2,766$2,134
36 years$14,929$9,914$6,402$4,041$2,506$1,916
37 years$14,366$9,416$5,992$3,723$2,271$1,720
38 years$13,833$8,949$5,611$3,431$2,059$1,545
39 years$13,329$8,509$5,257$3,164$1,867$1,388
40 years$12,851$8,096$4,927$2,918$1,694$1,248
41 years$12,398$7,707$4,620$2,692$1,536$1,121
42 years$11,968$7,340$4,334$2,485$1,394$1,008
43 years$11,558$6,993$4,067$2,294$1,265$906
44 years$11,169$6,666$3,818$2,118$1,149$815
45 years$10,797$6,357$3,585$1,956$1,043$733
46 years$10,443$6,064$3,367$1,807$947$659
47 years$10,105$5,787$3,163$1,669$860$592
48 years$9,782$5,524$2,972$1,542$781$533
49 years$9,473$5,275$2,794$1,425$709$479
50 years$9,178$5,039$2,627$1,318$644$431

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 51 starting with $9,400,000, adding $6,367 every year, while hoping to spend $35,303 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 58/13/29 Blend
50$9,400,000$9,400,000$9,400,000$9,400,000
51$10,365,368$9,867,168$9,721,468$10,883,889
52$11,385,073$10,313,097$10,009,575$11,686,126
53$12,507,605$10,779,693$10,306,150$12,556,211
54$13,743,415$11,267,932$10,611,440$13,504,264
55$15,104,019$11,778,836$10,925,699$14,537,862
56$16,602,105$12,313,476$11,249,186$15,665,340
57$18,251,657$12,872,973$11,582,171$16,895,867
58$20,068,082$13,458,505$11,924,930$18,239,536
59$22,068,356$14,071,302$12,277,745$19,707,450
60$24,271,189$14,712,656$12,640,910$21,311,830
61$26,697,194$15,383,920$13,014,724$23,066,128
62$29,369,087$16,086,511$13,399,497$24,985,148
63$32,311,901$16,821,917$13,795,546$27,085,187
64$35,553,216$17,591,693$14,203,199$29,384,185
65$39,123,430$18,397,471$14,622,792$31,901,894
66$43,056,034$19,240,961$15,054,670$34,660,058
67$47,387,938$20,123,956$15,499,189$37,682,618
68$52,159,811$21,048,334$15,956,716$40,995,936
69$57,416,472$22,016,063$16,427,626$44,629,037
70$63,207,308$23,029,206$16,912,307$48,613,888
71$69,586,742$24,089,925$17,411,158$52,985,685
72$76,614,744$25,200,486$17,924,587$57,783,193
73$84,357,403$26,363,265$18,453,015$63,049,103
74$92,887,544$27,580,751$18,996,877$68,830,430
75$102,285,418$28,855,552$19,556,617$75,178,959
76$112,639,461$30,190,404$20,132,694$82,151,723
77$124,047,125$31,588,173$20,725,578$89,811,543
78$136,615,802$33,051,864$21,335,755$98,227,615
79$150,463,834$34,584,625$21,963,723$107,476,157
80$165,721,632$36,189,759$22,609,994$117,641,125
81$182,532,905$37,870,724$23,275,096$128,815,005
82$201,056,019$39,631,147$23,959,570$141,099,674
83$221,465,492$41,474,832$24,663,974$154,607,362
84$243,953,635$43,405,762$25,388,880$169,461,703
85$268,732,378$45,428,116$26,134,879$185,798,899
86$296,035,259$47,546,273$26,902,577$203,769,000
87$326,119,638$49,764,822$27,692,596$223,537,311
88$359,269,120$52,088,578$28,505,577$245,285,951
89$395,796,236$54,522,584$29,342,179$269,215,562
90$436,045,390$57,072,128$30,203,080$295,547,198
91$480,396,112$59,742,755$31,088,976$324,524,405
92$529,266,643$62,540,277$32,000,583$356,415,512
93$583,117,876$65,470,786$32,938,639$391,516,157
94$642,457,715$68,540,671$33,903,899$430,152,069
95$707,845,866$71,756,627$34,897,143$472,682,137
96$779,899,117$75,125,675$35,919,170$519,501,785
97$859,297,169$78,655,175$36,970,805$571,046,701
98$946,789,045$82,352,843$38,052,891$627,796,936
99$1,043,200,165$86,226,770$39,166,300$690,281,431
100$1,149,440,135$90,285,435$40,311,925$759,082,995